Insurance Regulatory and
Development Authority, India (IRDA) regulate the Indian insurance industry to protect the interests of the policyholders
and work for the orderly growth of the industry.
IRDA, has launched
a website dedicated to consumer education,www.policyholder.gov.in. This
website aims to educate policyholders and prospective buyers on various
insurance services and related issues.
“The
objective of having an exclusive website is to educate consumers about
insurance in particular, regarding buying insurance, making a claim etc. The
website is an attempt to reach out to all to give certain basic generic
information on the subjects in order that consumers begin to think and seek
answer to questions such as what they need to buy, whether they are being
offered the right product,” J Hari Narayan, chairman of Irda.